---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026102"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:17:53.693935+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Leonardo S.p.A. reports half-year revenues up 6.4% to €6.9B; DRS segment EBITA drops 19%

## Summary
- Group revenues €6,894M (+6.4% adjusted), EBITA €430M (+5.7% adjusted), net result €208M (-22.1% vs 1H22).
- Orders €8,691M (+21.4% adjusted); record backlog ~€40B; FY2023 guidance reaffirmed.
- Free operating cash flow -€517M, improving 46.3% from -€962M in 1H22.
- Leonardo DRS segment (€): revenues €1,107M (-2.3% reported), EBITA €84M (-19.2%), ROS 7.6% vs 9.2%.
- DRS received addl order for Columbia-class submarine electric propulsion components.

## SEC filing metadata
- accession: 0001628280-23-026102
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000162828023026102/0001628280-23-026102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000162828023026102/drs-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026102
- JSON: https://secwatch.observer/filing/0001628280-23-026102.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026102.txt

## Key facts
- Earnings Releases
  Leonardo DRS, Inc. reported financial results for the half year ended June 30, 2023.
  - Period: the half year ended June 30, 2023
  - Result: reported results
  source text: On July 28, 2023, Leonardo DRS, Inc.’s (the “Company”) majority stockholder, Leonardo S.p.A., an Italian società per azioni, listed on the Milan Stock Exchange (“Leonardo S.p.A”), of which the Company is a consolidated subsidiary, issued a press release announcing its consolidated financial results for the half year ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833756/000162828023026102/0001628280-23-026102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.